$10 Billion India Asset & Wealth Manager ASK Group to Launch ASK Private Wealth in Singapore & Dubai in 2024 June to Manage Growing Offshore India Wealth, Top Private Equity Firm Blackstone Acquired Majority Stake in ASK Group in 2022
18th April 2024 | Hong Kong
India asset & wealth manager ASK Group with $10.2 billion AUM (Assets under Management) will be launching ASK Private Wealth in Singapore & Dubai in 2024 June to manage the growing offshore India wealth. In 2022, top private equity firm Blackstone had acquired a majority stake in ASK Group. Blackstone (2022 Feb): “Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone (“Blackstone”) have acquired a majority stake in ASK Investment Managers Limited (“ASK”), one of India’s largest asset and wealth management companies, from Advent International and other sellers. ASK is one of the leading asset and wealth managers in India catering to clients across Asia, the Middle East, Africa, and Europe, and manages more than $10.6 billion in assets (as of December 31, 2021). It is one of the first portfolio managers in India, with nearly three decades of experience in managing the investment needs of India’s high-net-worth individuals, family offices and institutions. ASK also specializes in property investment advisory and wealth advisory services. The company follows a cycle-tested investment philosophy, which prioritizes capital preservation and delivering returns through consistent growth. Its flagship portfolio, Indian Entrepreneur Portfolio, is the largest discretionary Portfolio Management Services (PMS) scheme in the country and along with ASK’s other strategies like Growth and India Select has consistently outperformed markets since inception.”
“ $10 Billion India Asset & Wealth Manager ASK Group to Launch ASK Private Wealth in Singapore & Dubai in 2024 June to Manage Growing Offshore India Wealth, Top Private Equity Firm Blackstone Acquired Majority Stake in ASK Group in 2022 “
$10 Billion India Asset & Wealth Manager ASK Group to Launch ASK Private Wealth in Singapore & Dubai in 2024 June to Manage Growing Offshore India Wealth, Top Private Equity Firm Blackstone Acquired Majority Stake in ASK Group in 2022
About ASK Group (2023 Profile)
ASK Asset & Wealth Management Group (ASK) is one of the leading asset & wealth management firms in India. ASK has been a true believer in the India growth story and has grown hand-in-hand with its clients, for over three decades. ASK has over 30 offices and branches across India, Dubai, and Singapore and caters to multiple asset classes and investors (such as HNI, institutional, family office, pension funds, funds of funds and sovereign wealth funds) across Asia, the Middle East, Africa, and Europe. ASK group manages assets over ₹85,500cr/US$ 10.2 bn. as on 31st December 2023.
About ASK (2021 Profile)
ASK is a leading player in the asset & wealth management business and primarily caters to the HNI and UHNI market with over three decades of presence. ASK has been a true believer in the Indian growth story and over the years has grown hand-in-hand with its clients across the globe. ASK is represented in India through its three key businesses: Portfolio Management Services & Alternative Investment Funds – ASK Investment Managers Ltd.; Real Estate Private Equity – ASK Property Investment Advisors; and Wealth Advisory and Multi-Family Office Service – ASK Wealth Advisors. It has 20 offices and branches across India, Dubai, and Singapore through which it services the needs of clients. It caters to multiple asset classes and investors (such as HNI, institutional, family office, pension funds, funds of funds and sovereign wealth funds) across Asia, the Middle East, Africa, and Europe. ASK’s flagship Indian Entrepreneur Portfolio is the largest discretionary PMS in India as on 31st December 2021 (Source: SEBI website). ASK group manages assets over Rs. 78,500 Cr / USD 10.6 Bn. as on 31st December 2021.
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